BAT Investor Conference Presentation Deck

VI VELO Expanded US Range to Accelerate Growth SKUS Expected Nicotine strength (mg) Flavours VIL Cinnamon WARNING: Portfolio strengthened by Dryft acquisition 07 This product contains nicotine. Nicotine is an addictive chemical 咖 Dragonfruit WARNING: This product contains nicotine. Nicotine is an addictive chemical. Initial portfolio 2 & 4 OMA 2 4 07 20 Nicote Wintergreen WARNING: This product contains nicotine. Nicotine is an addictive chemical. Expanded portfolio 2, 4 & 7 07- ******* 20 Nea Spearmint WARNING: This product contains nicotine. Nicotine is an addictive chemical 10 28 07 ANAY Citrus Burst WARNING: This product contains nicotine. Nicotine is an addictive chemical Nov'20 6K outlets Circle K Exclusivity 5.8% BAT Jul-20 A BETTER TOMORROW Encouraging early results, with distribution building Velo US volume share Mar'21 c.80K outlets Nationwide* 8.5%. 11.1% Velo Phase 2 roll-out Dec-20 w/e 24 Jan 33

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